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Revealed: More than €44m moved by money mules in just three years

More than €44m has been illegally transferred through “money mule” accounts in the three years to the end of June, the latest figures from the Banking and Payments Federation Ireland (BPFI) reveal.

Being a money mule is illegal. Photo: Stock image More than €44m has been illegally transferred through “money mule” accounts in the three years to the end of June, the latest figures from the Banking and Payments Federation Ireland (BPFI) reveal. Money muling is a form of money laundering.

A money mule transfers illegally obtained money between different bank accounts on behalf of others. Join the Irish Independent WhatsApp channel Stay up to date with all the latest news.